The extruders market is projected to reach USD 10.44 Billion by 2022, at a CAGR of 4.42% from 2017 to 2022. The growing demand for extruded products from the building & construction end-use industry is expected to drive the growth of the extruders market during the forecast period. Moreover, the increasing demand for extruders from the transportation industry of the Asia Pacific region is also expected to fuel the growth of the extruders market, globally.

Among end-use industries, the consumer goods segment accounted for the second-largest share of the extruders market in 2016, in terms of volume. The extruders market is driven by the growing demand for consumer goods such as televisions, music players, refrigerators, computers, furniture, lighting, ladders, bicycle rims, bottles, containers, etc. This segment of the market is also projected to grow at the highest CAGR between 2017 and 2022.

Based on the type, the extruders market has been segmented into single screw extruder, twin screw extruder, and ram extruder. The single screw extruder segment led the extruders market in 2016, in terms of value. The growth of this segment of the market can be attributed to low maintenance costs and high throughput offered by single screw extruders. In terms of value, the ram extruder segment of the extruders market is projected to grow at the highest CAGR between 2017 and 2022. The growth of the ram extruder segment of the extruders market is due to the growing demand for metal extrusion products from the building & construction and transportation industries.

In terms of value, the Asia Pacific region led the extruders market in 2016. Growing population and rapid urbanization, along with the rising disposable income of consumers in the emerging economies such as China and India are the factors contributing to the growth of the Asia Pacific extruders market. In addition, easy availability of feedstock for manufacturing plastic and metal products is also driving the growth of the Asia Pacific extruders market. Moreover, some of the key players such as Milacron Holdings Corp. (US), Toshiba Machine Co., Ltd. (Japan), and The Japan Steel Works, Ltd. (Japan) in the extruders market have their manufacturing units and technical centers based in the Asia Pacific region.